Milwaukee-based private equity firm Generation Growth Capital has formed a new metal manufacturing platform comprised of three newly-acquired fabrication companies in the U.S. upper Midwest.
The platform is American Consolidated Metals, which GGC said champions the firm’s mission of manufacturing excellence and investment in companies with significant growth potential.
Those three regional manufacturers GGC acquired in late November are:
- Federal Tool & Engineering, based in West Bend, WI, specializes in metal stamping, fabrication and manufacturing engineering. It serves customers in industries that include power generation, food service and industrial.
- BP Metals, based in Isanti, MN — a supplier of high-quality sheet metal products.
- Rockford Specialties, based in Rockford, IL — specializes in metal fabrication and wire forming. With customers in industries that include consumer, retail, furniture and automotive.
GGC said the acquisitions won’t result in immediate changes to those companies’ day-to-day operations.
“Bringing Federal Tool & Engineering, BP Metals and Rockford Specialties under the banner of American Consolidated Metals is an exciting development for all of us,” GGC Managing Director John Reinke said in a Dec. 14 news release. “By focusing our investment on three manufacturers with broad capabilities and diverse customer bases, we are looking to build a collaborative platform that provides a one-stop solution for original equipment manufacturers looking to expand domestic supply. This strategic partnership should result in shared resources, equipment and technology, resulting in improved efficiency and expanded capacity and market share.”
GGC has hired Igor Zelenovskiy to lead the American Consolidated Metals platform as president. His background includes executive roles at Tailored Label Products, Fisher Barton, Rexnord, Komatsu and Rockwell Automation.
“I am thrilled to be a part of ACM and excited about the opportunities that lie ahead,” Zelenovskiy said. “In an era of ever-changing geopolitical dynamics putting pressure on supply chains, at ACM we are not just expanding manufacturing capacity and capabilities, we’re redefining our approach. By bringing manufacturing to our customers’ doorsteps, we ensure uninterrupted product delivery and offer comprehensive engineering services. This strategic move is about more than meeting demand. It’s about fortifying partnerships, navigating uncertainties and delivering excellence where it matters most — at the heart of our customers’ operations.”
Related Posts
-
The company is holding a series of events to honor its 100th anniversary throughout 2023.
-
Associates hosted an event at the company’s headquarters and welcomed representatives from six Central Ohio…
-
The deal expands Thomas Scientific's distribution centers in the Northeast, furthering the ability to assist…